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raj0778
Aug 22, 2022 3:37 PM

Nifty Weekly - Trend Changes Long

Nifty 50 IndexNSE

Description

Depiction on how geometry and angles can predict trend changes much in advance. Chart plotted is that of Nifty (Weekly). Few tops and bottoms have been marked on chart with vertical dotted lines. Upcoming two probable trend change weeks have also been marked. Chart is capable of predicting trend changes till 24 Apr 2023, however lines have not been marked. Top in Nifty is pending and may occur in week starting 26 Sep 2022. The present fall in Nifty appears to be a Wave 4 correction and could be complex corrective pattern.

Note - For educational purpose only
Comments
sureshnawal51
is nifty going for a big correction ???
raj0778
@sureshnawal51, for now, expecting a standard wave 4 correction in the range of 17050 - 17150
sureshnawal51
@raj0778, okay, but in a bigger picture it seems that it is taired enough to move further (weekly / monthly ) .
It might be waiting for a big news ??
Your 💭 pls
raj0778
@sureshnawal51, By Sep end expecting 18600 + in Nifty
rajihulk
do u say nifty can bounce back tomorrow
raj0778
@rajihulk, Not at all ... the correction is not over yet ... all I wanna say is that the top is pending and current fall appears to be a wave 4 correction
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